Question

The figures depict indifference curves.
Figure $F.3$ here shows:

• A. Increasing $MR{S}_{xy}$
• B. Decreasing $MR{S}_{xy}$
• C. Constant $MR{S}_{xy}$
• D. None of the above

Answer 1

The correct option is A Increasing $MR{S}_{xy}$

In Figure $F.3$ the shape of IC is concave, which represents increasing $MR{S}_{xy}$